Defining Rate Schedules

Use this procedure to define rate schedules.

Prerequisites: You must configure an instance of the Rate Engine Configuration master configuration in order to create and/or maintain rate schedules.

  • Select Menu > Rates > Rate Schedule > Add.

    The Rate Schedule maintenance screen opens. To navigate to the Component-Based Rate Schedule page, click Switch to Component-Based.

  • Enter a code for the Rate Schedule.
  • Enter a short Description for the rate schedule.
  • Select the Service Type (Electric Service, Gas Service, etc.) for the rate schedule.
  • Select the Frequency (monthly, quarterly, etc.) for the rate schedule
  • Select the Currency Code used with the rate schedule.
  • Select whether or not the rate schedule will Allow Estimates when performing calculations.
  • Select whether or not the rate schedule will Allow RV Proration when performing calculations.
  • Select the RV Proration Date, used if the rate schedule does NOT allow RV proration. Valid options include Accounting Date, Bill End Date, and Bill Start Date.
  • Define the Pre-Processing Calculation Groups used by the rate schedule. If the calculation groups do not exist yet, use the Add Calculation Group action to add each new calculation group and link it to the rate schedule. Refer to the embedded help for more information.

    For each pre-processing calculation group, specify:
    • Sequence: The sequence in which the group is executed when the pre-processing groups are processed.
    • Description: A description of the calculation group
    • Calculation Group: The calculation group.

    Use the Add/Remove Links action on each calculation group to maintain the cross-references between the rules in the group. This action includes an ability to maintain a rule’s target categories.

  • Define the Rate Version Calculation Groups used by the rate schedule. If the calculation groups do not exist yet, use the Add Calculation Group action to add each new calculation group and link it to the rate schedule. Refer to the embedded help for more information.

    For each rate version calculation group, specify:
    • Effective Date: The date on which each rate version calculation group becomes effective
    • Description on Bill: Specifies the description of the rate version calculation group on the bill. This description is saved on bill calculation details created using this rate version calculation group. Substitution characters may be used to substitute variables into the description during billing. Refer to How To Use Description on Bill for a discussion of the various substitution variables.
    • Calculation Group: The calculation group.

    Use the Add/Remove Links action on each calculation group to maintain the cross-references between the rules in the group. This action includes an ability to maintain a rule’s target categories.

  • Define the Post-Processing Calculation Groups used by the rate schedule. If the calculation groups do not exist yet, use the Add Calculation Group action to add each new calculation group and link it to the rate schedule. Refer to the embedded help for more information.

    For each post-processing calculation group, specify:
    • Sequence: The sequence in which the group is executed when the post-processing groups are processed.
    • Description: A description of the calculation group
    • Calculation Group: The calculation group.

    Use the Add/Remove Links action on each calculation group to maintain the cross-references between the rules in the group. This action includes an ability to maintain a rule’s target categories.

  • Define one more recommended Meter Configuration Types for meters linked to service agreements (by way of their service points) for the rate schedule.
  • Define one or more Bill Messages that should appear on bills that use the rate schedule. For each message, specify
    • Bill Message: The message that should appear on the bill.
    • The Start Date and End Date when the bill message should appear on the bill. Leave End Date blank if the message should appear indefinitely,
  • Click Save.

This rate schedule can now be referenced on service agreements.